HARMONIC INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $405.9m $358.2m $403.6m $402.9m $378.8m $507.1m $625.0m $607.9m $678.7m $360.5m
Cost of Revenue $205.2m $188.4m $194.3m $179.9m $183.8m $247.4m $309.1m $295.4m $312.8m $185.8m
Gross Profit $200.8m $169.8m $209.2m $223.0m $195.0m $259.7m $315.9m $312.5m $365.9m $174.7m
Operating Expenses $267.8m $240.7m $214.2m $209.9m $207.4m $240.9m $270.4m $290.4m $302.8m $160.7m
Operating Income (Loss) ($67.0m) ($70.9m) ($5.0m) $13.1m ($12.4m) $18.8m $45.5m $22.2m $63.1m $14.1m
Additional Financial Items
Amortization of Intangible Assets $14.8m $8.3m $3.2m $3.1m $4.0m $507k $0 $0
Foreign Currency Transaction Gain (Loss), before Tax ($200k) ($2.4m) $1.9m $290k ($6.4m) $5.1m $2.7m ($1.5m) ($315k) ($847k)
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($53.8m) ($50.0m) ($19.8m) $1.8m ($42.9m) ($5.7m) $24.7m ($1.7m) $37.9m ($4.8m)
Income (Loss) from Continuing Operations, Per Basic Share $0
Income (Loss) from Continuing Operations, Per Diluted Share $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $67.0m $70.9m $5.0m $13.1m $12.4m $8.9m $44.5m $19.1m $57.9m $8.9m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $5.0m $1.2m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $4.3m $11.5m ($44.5m)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $4.3m $11.5m ($44.5m)
Investment Income, Net ($10.6m) ($11.1m) ($11.4m) ($11.7m)
Net Income (Loss) Attributable to Parent ($72.3m) ($83.0m) ($21.0m) ($5.9m) ($29.3m) $13.3m $28.2m $84.0m $39.2m ($43.3m)
Earnings Per Share, Basic ($0.07) ($0.30) $0.13 $0.27 $0.75 $0.34 ($0.38)
Earnings Per Share, Diluted ($0.93) ($1.02) ($0.25) ($0.07) ($0.30) $0.12 $0.25 $0.72 $0.33 ($0.38)
Weighted Average Number of Shares Outstanding, Basic 101.5m 105.1m 111.7m 115.1m 113.7m
Weighted Average Number of Shares Outstanding, Diluted 106.2m 112.4m 117.4m 117.5m 114.2m
Selling, General and Administrative Expense $144.4m $136.3m $119.0m $119.0m $119.6m $138.1m $146.7m $163.3m $153.1m $81.4m
Other Nonoperating Income (Expense) ($31k) ($2.2m) ($536k) ($2.3m) ($897k) $687k $4.0m ($335k) $2.1m ($1.4m)
Interest Expense (non-operating) $7.3m $3.8m
Interest Expense $11.5m $10.6m $5.0m $2.7m
Interest Expense, Debt $10.1m $10.6m $11.2m $11.6m
Nonoperating Income (Expense) ($13.4m) ($13.8m) ($11.9m) ($14.0m) ($12.4m) ($9.9m) ($1.0m) ($3.0m) ($5.2m) ($5.2m)
Research and Development Expense $98.4m $96.0m $89.2m $84.6m $82.5m $102.2m $120.3m $126.3m $121.0m $76.3m
Restructuring and Related Cost, Incurred Cost $18.0m $6.6m $2.9m $3.1m $2.3m $110k $3.3m $809k $1.3m
Income Tax Expense (Benefit) ($8.1m) ($1.8m) $4.1m ($672k) $3.1m ($4.4m) $16.3m ($64.9m) $18.7m $7.6m